Supply surge to dampen recovery in hotels’ profits
Sept. 2: An expected surge in supply of premium hotel rooms may take the sheen off Indian hotel firms’ plans to raise tariffs and revive profitability, though analysts expect the second half to fare b
Americans use less energy due to recession
American citizens are using less energy and making more use of renewable energy resources due to the economic recession and technological advances, a national laboratory report has said.
The use of c
'India fared well during financial crisis'
India fared comparatively well during the recession that had engulfed the world, mainly due to inherent strength of its economy, according to a Congressional oversight panel report. "Because the finan
British Prime Minister going bald?
Britain's youngest Prime Minister in almost two centuries, Mr David Cameron, is so worried about the country's huge budget deficit that he seems to be literally losing hair over it. According to leadi
US to grow 4 pc, unemployment to stay at 9 pc
Washington, July 24: Battling the worst recession in decades, the US government expects unemployment to stay at or above 9 percent until 2012 even as the economy grows by at least 4 percent in 2011 an
Obama signs law to prevent another recesssion
Washington, July 22: US President Barack Obama has signed into law the most sweeping financial industry reform legislation since the Great Depression, terming it insurance against the kind of meltdown